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November 3, 2015

The Republic of Peru closes first issuance in Euros in over 10 years

Miranda & Amado has advised Banco Bilbao Vizcaya Argentaria, BNP Paribas and J.P. Morgan, as underwriters in connection with the Republic of Peru’s SEC-registered issuance of its 2.750% Euro-Denominated Global Bonds due 2026 for an aggregate principal amount of €1’100,000,000. This represents the first offering of the Republic of Peru in Euros in more than 10 years.

The net proceeds from the offerings will be used by the Republic of Peru to prefinance a portion of the general financial requirements for 2016 in accordance with the terms of the Macroeconomic Multiannual Framework (Marco Macroeconómico Multianual).

The following Miranda & Amado lawyers participated in the transaction: partner Juan Luis Avendaño Cisneros and associates Alvaro del Valle and Rafael Santín.